Seibu loyalists in Hong Kong will have to get their last purchases in before June, when the retailer’s lease officially expires at the upscale Pacific Place Mall.

In October 2011, the four-floor, 83,000-square-feet space will be taken over by Harvey Nichols, the London-based department-store chain. This will be its second store in Hong Kong.

This is not so much the end of Seibu as it is a strategic switch to a more up-market brand. Dickson Concepts, the group that owns Harvey Nichols, also owns the Seibu stores in Hong Kong and China. Read More »